Sentences with phrase «sales tax rate on»

Remember that the sales tax rate on vehicles may be different than it is for everyday expenses such as food and clothes.

However, if you paid sales tax on a motor vehicle at a rate higher than the general sales tax, you can deduct only the amount of the tax that you would have paid at the general sales tax rate on that vehicle.

Not exact matches

As an example, a cap of $ 500,000 in tax - free capital gains on any principal residence means that a home sold for $ 1 million that was purchased for $ 100,000 in 1985 say, would have $ 400,000 taxed at the owner's tax rate at the time of the sale (about 35 % for the average middle class Canadian).

Generally speaking, you'd pay the ordinary tax rate on the sale or exchange of Bitcoin held as a tangible asset — say you were paid in it.

Major changes include lower tax rates on individual income, a roughly doubled standard deduction ($ 12,000 for singles and $ 24,000 for married couples who file jointly), and sharp limits on a slate of itemized deductions, including a $ 10,000 cap on the break for state income, sales and property taxes.

Doing so would require an exceedingly sophisticated approach to local sales and use tax collection that would allow these sellers to accurately capture all of the sales tax on every transaction in compliance with every state's respective sales tax rate.

Both Washington and Colorado are charging a 25 percent tax on pot sales, with even higher rates in some municipalities.

Colorado currently charges a 15 percent excise tax rate, in addition to the 2.9 percent sales tax levied on all sales in the state.

As part of the new TCJA, access to favorable capital gains tax rates now demands a three - year holding period; previously, an investor needed only to maintain his or her position in the startup for 12 months to qualify for a lower rate on an eventual sale.

These consist of the existing 2.9 percent state sales tax (plus local taxes), an additional 10 percent state tax on retail marijuana sales, and a 15 percent excise tax on the «average market rate» of wholesale marijuana.

However, Tennessee has the third - highest sales tax paid, on average, because of its high sales tax rate of 9.46 percent.

The state made it to the fifth spot on our list thanks to its favorable tax rates, including no Social Security, estate, and inheritance taxes, and low property and sales taxes.

When the fund distributes capital gains from the sale of securities — this could be taxed at ordinary income tax rates or the more favorable long - term capital gains rate, depending on how long the securities were held in the fund.

Past achievements include building the case for deficit reduction in the 1980s and early 1990s, for consolidation of the Canada and Quebec Pension Plans in the late 1990s, a series of shadow federal budgets and fiscal accountability reports in that began in the 2000s, and work on marginal effective tax rates on personal incomes and business investment, which has laid the foundation for such key changes as sales tax reform, elimination of capital taxes, and corporate income tax rate reductions.

«We were particularly encouraged to see fiscal discipline in light of the continued economic uncertainty seen elsewhere in Canada and the world, the establishment of a commission on tax competitiveness to evaluate current taxation instruments like the provincial sales tax, and proposed changes to the property transfer tax to start addressing housing affordability by increasing the exemption threshold and introducing a third tax rate on higher - valued properties.»

Whether the profit from the sale of a bond in the fund is taxed at ordinary income tax rates or is eligible for a reduced capital gains rate is dependent on the same factors as explained above.

It ensures uniform and effective tax rates on the final sale price of products.

In addition, you may be subject to tax on amounts recognized in connection with the sale of municipal bonds, including capital gains and «market discount» taxed at ordinary income rates.

You may also be subject to tax on amounts recognized in connection with the sale of municipal bonds, including capital gains and «market discount» taxed at ordinary income rates.

BCD is organized as an open - ended ETF, rather than a commodity pool, so taxable investors pay the usual long - and short - term capital gains rates on sale and avoid receiving an annual K - 1 tax form.

As for sales tax, the statewide rate is 6 %, but a few cities add a local tax on top, bringing it closer to 8 %.

While Manhattan condo developers pay the top 39.6 - percent rate on apartment - sale profits, rental developers usually pay the 20 - percent capital gains rate (which would not be reduced in the new tax plan).

Adjusted EBITDA and segment Adjusted EBITDA reflect adjustments for interest expense, net, income tax expense (benefit), depreciation and amortization, including accelerated depreciation, and the following adjustments discussed above: non-cash mark - to - market adjustments and cash settlements on interest rate swaps, provision for legal settlement, transaction costs and integration costs, restructuring and plant closure costs, assets held for sale, inventory valuation adjustments on acquired businesses, mark - to - market adjustments on commodity and foreign exchange hedges and foreign currency gains and losses on intercompany loans.

Gains on sales of these assets by individuals are currently taxed at a higher rate than other long - term capital gains.

While differences remain in several areas, creditors want Greece to raise the equivalent of 1 percent of gross domestic product more from VAT in 2016 and this could be achieved by raising sales tax on catering to a rate of 23 percent from 13 percent, the two EU officials said.

Underreported sales would almost certainly be much higher with a national retail tax for two reasons: (1) enforcing the income tax currently relies on cross-verification between federal and state income taxes, and (2) the effective sales tax rates are currently low.

It might not seem like much, but depending on your states sales tax rate and how much you're spending, you could rack up quite a bit of savings.

On sales tax extensions, counties will continue to have the ability to set higher sales tax rates.

«Lower the tax rates, make government more efficient, get the businesses back here, get the private sector booming and then you will be able to fill the coffers when you're collecting road tax from more tractor trailers on the road, more gas tax from more people commuting to work, more sales tax revenue.»

It's just a reckless pie in the sky idea that Cuomo floated that's surely going to raise electricity rates, as if the nuclear bailout wasn't enough or the fact the NY is the only state to charge its residents sales tax on its utility bills.

For example, taxing dividends and capital gains on the sale of stock at about 71 % of the hypothetically fair tax rate at the shareholder level, and taxing corporate profits at about 71 % of the hypothetically fair tax rate at the corporate level, is economically equivalent to not having double taxation.

And let's not forget our electricity rates are already among the highest in the nation and we have the balls to charge sales tax on top.

Of the county's 8.75 percent sales tax rate, 4 percent goes to the state, and the remaining 4.75 percent is divided up among the county and its cities, towns and villages using a formula that depends on various factors including where the purchases are made.

The 5 percent surplus will be spread among 41 cities, towns and villages, deemed a credit positive by Moody's, the credit rating agency which released a report on the sales tax revenue.

On Wednesday, Mr. Cuomo is also expected to call for a constitutional cap on state spending that would limit growth to the rate of inflation and for a budget that does not raise corporate, personal income or sales taxes, echoing proposals he made on the campaign traiOn Wednesday, Mr. Cuomo is also expected to call for a constitutional cap on state spending that would limit growth to the rate of inflation and for a budget that does not raise corporate, personal income or sales taxes, echoing proposals he made on the campaign traion state spending that would limit growth to the rate of inflation and for a budget that does not raise corporate, personal income or sales taxes, echoing proposals he made on the campaign traion the campaign trail.

Tax rates are not only a main source of difference between the Democratic and Republican Party platforms; they are a prime driver of New York City's residential and commercial sale markets, mainly when it comes to taxes on capital gains.

There was also a three - year extension on a variety of sales taxes that are a vital source of income for municipalities, including New York City's personal income tax rates, and incentives for developers in Lower Manhattan.

We do not charge doc fees which saves you over $ 160 on a car purchase and our sales tax rate is the lowest in the state at 6.25 %.

Location Kent; On sale Now; Price # 55,995; Engine V6, 2993cc, turbocharged, diesel; Power 253bhp at 4000rpm; Torque 443 lb ft at 2000rpm; Gearbox 8 - spd auto; Kerb weight 2622 kg; 0 - 62mph 8.8 sec; Top speed 112mph; Economy 36.7 mpg (combined); CO2 rating & BIK tax band 203g / km, 37 %

Location San Francisco; On sale June; Price # 37,875; Engine 4 cyls in line, 1991cc, turbocharged petrol, plus electric motor; Power 275bhp combined; Torque 442 lb ft combined; Gearbox 7 - spd automatic; Kerb weight 1780 kg; Top speed 155mph; 0 - 62mph 5.9 sec; Economy 134.5 mpg (combined); CO2 rating & BIK tax band 48g / km, 5 %

Location: Storrington, West Sussex; On sale: Now; Price # 34,250; Engine V6, 2967cc, diesel; Power 215bhp at 4000 - 5000rpm; Torque 295 lb ft at 1250 - 3750rpm; Gearbox 7 - spd dual clutch automatic; Kerb weight 1615 kg; Top speed 155mph; 0 - 62mph 6.6 sec; Economy 67.3 mpg (combined); CO2 rating & BIK tax band 109g / km, 19 %

There are tax and conversion rate implications on sales when working with a US based company.

For a mass - market paperback book with a minimum first printing of 25,000 copies, an average return rate of 50 %, an average $ 6.50 cover price, and an average 6 % royalty rate, an author would earn only $ 4,875 on the sales of that book — and 15 % ($ 731.25) of that sum would go directly to the author's agent, leaving the author with a gross (before taxes) profit of $ 4,143.75.

Customers will still have to pay the sales tax for the tablet, which should be between $ 5 to $ 15, depending on your local tax rate.

Sales Price - $ 197,000 (Based on Houston market trends same house went up $ 17,000 after 2 years) Down payment - 20 % or $ 39,400 Credit Score - 680 credit Conventional Interest Rate — 4.25 % Loan Monthly Payment - $ 775.30 Mortgage Insurance - $ 0,00 / month Taxes 2016 - $ 4,565 / year or $ 380.42 / month Insurance estimated - $ 1,435 / year or $ 119.59 / month Total monthly payment - $ 1,275.31

On 1 July 2000 the GST replaced wholesale sales tax which was applied at varying rates to a range of products.

What are the applicable capital gain tax rates on sale of land / house property?

My billing address is in California, but I travel a lot, so this can be annoying - I am usually paying a tax rate higher than the sales tax in the state where the purchase occurred, which is what sales tax is normally based on.

Worse: because of the builder's profession, this gain could actually be considered business income by the CRA, which eliminates the capital gain tax treatment on the sale of the house and forces the builder to pay his full marginal rate on the $ 200,000 profit.

Many states have a «Use Tax» which taxes items bought out - of - state, by what used to be mail - order but now has morphed through phone order to online on which no state sales tax has been paid, usually at the same rate as the sales tax raTax» which taxes items bought out - of - state, by what used to be mail - order but now has morphed through phone order to online on which no state sales tax has been paid, usually at the same rate as the sales tax ratax has been paid, usually at the same rate as the sales tax ratax rate.